The currency pair Ripple/Tether (XRP/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 2.845500000 is certain.
Caution: A possible trend reversal in the direction of support at 2.762000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 2.8693 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 2.845500000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.922700000 |
| 2nd High | 2.869300000 |
| Next High | 2.845500000 |
| Current Price | 2.859100000 |
| Next Low | 2.762000000 |
| 2nd Low | 2.697500000 |
| 3rd Low | 2.662900000 |
2.845500000 – 2.832900000 – 2.839000000 – 2.762000000 – 2.697500000 – 2.701400000 — 56.392369709148 – 59.527582501527
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Northern Doji – – –